When President Trump sets off on his first international trip as president on Friday, his itinerary will include two Middle Eastern countries, Israel and Saudi Arabia, where he explored business deals before taking office.
In Israel, Mr. Trump has long sought a tower project in Tel Aviv. But he has shelved that ambition for now, given his self-imposed ban on foreign deals during his presidency and the appearances of embarking on such a venture while attempting to broker peace in the region. In Saudi Arabia, his executives scouted a hotel deal in recent years, but opted not to move forward.
Before his inauguration, Mr. Trump handed his business, the Trump Organization, over to his eldest sons and his executives. But even with that distance, Mr. Trump continues to be the face of the company that bears his name, adding an unusual dimension to his foreign tours and diplomatic outreach — with the potential that he could return again as a businessman. In fact, Mr. Trump has registered or applied for a number of trademarks in both Israel and Saudi Arabia in the last decade, according to a review of international trademark databases, in categories that cover both potential real estate development projects and consumer goods.
Also, Jared Kushner, his senior adviser and son-in-law, who is expected to be part of the presidential delegation, has his own deep ties to Israel as a real estate developer and investor. His company had joined with one of Israel’s wealthiest families to buy dozens of New York apartment buildings and has borrowed money from Israel’s largest bank.
On his trip, Mr. Trump will also visit Belgium, for a NATO meeting; Italy; and the Vatican, where he is planning a meeting with Pope Francis.
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His first stop will be in Saudi Arabia, where at least 55 world leaders and other industry leaders are expected to take part in three summit meetings in Riyadh. While it is far from a business trip, some ethics experts are concerned that Mr. Trump could approach the visit and his other diplomacy through the lens of his personal business.
“It is particularly worrisome for the president to have business with extensive involvement overseas, because we often have to make very difficult choices in dealing with situations overseas,” said Richard W. Painter, who served as a White House ethics lawyer in the George W. Bush administration and has been critical of Mr. Trump’s approach to dealing with potential conflicts of interest.
One of Mr. Trump’s sons, Donald Trump Jr., recently visited a business partner in Dubai, where the Trumps have helped build a golf course and have been planning a second, prompting questions about whether they planned new development. But his brother Eric Trump repeated Thursday that the company is adhering to its ban on new deals.
Mr. Trump has come close to a major development deal in Israel. About a decade ago, he signed a licensing deal on a 70-story Trump Tower on the outskirts of Tel Aviv. The tower was never built, and Mr. Trump sued his partners, claiming they violated their agreement.
Mr. Trump, though, viewed Israel as “one my favorite places in the world,” telling a business conference that in 2006, according to news reports. He continued to pursue partnerships there, including by teaming up with an Israeli company on a line of Trump-branded vodka and energy drinks.
Last year, his executives were discussing a deal to be a partner on a 61-story tower in Tel Aviv that would have included residences and a hotel, according to Eric Danziger, the chief executive of the Trump hotel division. But Mr. Danziger said Mr. Trump’s election had prompted the Trumps to withdraw to comply with the ban on foreign deals.
“We had to retreat, period, simply because of the election,” Mr. Danziger said. “Had he not won, we would have done” the deal.
Eric Trump, one of the Trump sons now managing the company, said in an interview in February that the Israel deal was emblematic of the new realities facing the company.
“You can’t build the tallest building in Tel Aviv and try to negotiate peace in the Middle East,” he said.
Yet Mr. Kushner, in his role as White House adviser, is leading efforts to reach a peace agreement in the Middle East, despite his company’s extensive financial ties to Israel. Hope Hicks, a White House spokeswoman, recently told The New York Times that Mr. Kushner would work with counsel to ensure he recused himself from “any particular matter involving specific parties in which he has a business relationship with a party to the matter.”
The firm he ran until January, Kushner Companies, has taken out at least four loans from Israel’s largest bank, Bank Hapoalim. The bank is the subject of an investigation by the Department of Justice over allegations that it helped wealthy Americans evade taxes with undeclared bank accounts.
Another Kushner lender from Israel, Bank Leumi, admitted in 2014 that it had conspired to help American taxpayers hide income using offshore accounts. Kushner’s firm has also worked in partnership with Harel, a large Israeli insurance company, and almost bought another Israeli insurance company, Phoenix.
Kushner Companies also bought several floors of the former New York Times building from Lev Leviev, an Israeli businessman and philanthropist.
And last month, The Times reported that the Kushners had teamed up with at least one member of Israel’s wealthy Steinmetz family to buy nearly $200 million of Manhattan apartment buildings, as well as to build a luxury rental tower in New Jersey. The family’s best-known member, Beny Steinmetz, is the subject of a United States Justice Department bribery investigation.